Vulcanized Fiber Market Analysis

  • Report ID: 4127
  • Published Date: Apr 13, 2023
  • Report Format: PDF, PPT

Vulcanized Fiber Market Analysis

Grade (Commercial, Electrical, Bone, Trunk, Flexible, Abrasive Grade)

The global vulcanized fiber market is segmented and analyzed for demand and supply by grade into commercial grade, electrical grade, bone grade, trunk grade, flexible grade, and abrasive grade. Out of these types, the commercial grade segment is estimated to gain the largest market share of about ~18% in the year 2035. The growth of the segment can be attributed to the increasing consumption of vulcanized fiber in various sectors. The increasing use of furniture across the world for various purposes with the rising construction of buildings, commercial complexes, residential buildings, and hotels is estimated to propel the market segment growth. The percentage of home construction for single families during 2019-2020 was estimated to be over 10% and the value of new construction projects is projected to be worth more than USD 1 trillion by the end of 2024 in United States. The number of applications in the construction sector such as the use of laminated fibers is estimated to propel the growth of the market segment. The growth of the market segment is also attributed to the rising agricultural sector as many of the agricultural tools are made of vulcanized fiber. The demand for vulcanized fibers is also estimated to rise owing to the low cost, high resistance to heat and cold, high efficiency, strength, and availability in various colors.

Application (Electrical & Electronics Insulation, Furniture Manufacturing, Farming Tools)

The global vulcanized fiber market is also segmented and analyzed for demand and supply by application into electrical & electronics insulation, furniture manufacturing, farming tools, and others. Amongst these segments, the electrical and electronics insulation segment is expected to garner a significant share of around ~28% in the year 2035. The increasing number of electronic appliances manufactured across the world with the rising number of users is estimated to drive the market segment growth during the forecast period. The increasing safety concerns for the electricity wires to reduce electric shocks around the globe are anticipated to promote significant growth in the market. The rising consumption of electricity across the world with rising internet penetration and disposable income of people are driving the growth of the market. The non-flammable, good insulation properties, resistance to moisture, and chemicals are estimated to increase the use of vulcanized fiber for electric wires is estimated to hike the market growth.

Our in-depth analysis of the global market includes the following segments:

           By Grade

  • Commercial Grade
  • Electrical Grade
  • Bone Grade
  • Trunk Grade
  • Flexible Grade
  • Abrasive Grade 

 

        By Application  

  • Electrical & Electronics Insulation
  • Furniture Manufacturing
  • Farming Tools
  • Others

 

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Browse Key Market Insights with Data Illustration:


Author Credits:  Rajrani Baghel


  • Report ID: 4127
  • Published Date: Apr 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing electronics sector and rising use in furniture manufacture are estimated to be the major factors driving the growth of the global vulcanized fiber market during the forecast period.

The market size of the vulcanized fiber is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023-2035.

Availability of alternatives and high initial cost are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are EMCO Industrial Plastic, Inc., Dynos GmbH, ITEN Industries, ESPE Manufacturing Co., Inc., New Process Fibre Company, Inc., Franklin Fibre Corporation., RH Nuttall Limited, Sachsenroder GmbH & Co. KG, Oliner Fibre Co., Inc., Inher S., and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by grade, application, end user, and by region.

The electrical & electronics segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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